3rd Mar 2016 07:52
LONDON (Alliance News) - Construction and support services company Carillion PLC on Thursday said its pretax profit and revenue increased in 2015, driven by good organic growth across its divisions.
The FTSE 250-listed firm said pretax profit for the year to the end of December rose to GBP155.1 million from GBP142.6 million, as revenue increased to GBP4.59 billion from GBP4.07 billion.
The 13% growth in total revenue was driven primarily by organic trading, Carillion said, with organic growth of 10% and strong performances across its divisions. Its new and probable orders position weakened year-on-year, however, falling to GBP3.7 billion at the end of December from GBP5.1 billion a year earlier, but this was driven by a pre-General Election slowdown in the UK, which was mostly recovered in the second half, Carillion said.
Carillion will pay a final dividend of 12.55 pence per share, up from 12.15p, meaning its total dividend will rise 3.0% to 18.25p from 17.75p.
"Our performance in 2015 reflects the benefits of our consistent and successful strategy, which enabled us to rescale and reposition our business during the economic downturn in order to take advantage of opportunities for growth as market conditions improve," said Chairman Philip Green.
"With a strong, high-quality order book, a large and growing pipeline of contract opportunities and the financial strength to support our strategy for growth, the group is well positioned to make further progress in 2016," he added.
By Sam Unsted; [email protected]; @SamUAtAlliance
Copyright 2016 Alliance News Limited. All Rights Reserved.
Related Shares:
Carillion Plc